The Globe and Mail reports in its Wednesday, April 17, edition that Eight Capital analyst Adhir Kadve has reaffirmed his "buy" recommendation for Propel Holdings. The Globe's David Leeder writes in the Eye On Equities column that the Eight Capital stockpicker gave his share target a $4 boost to $29. Analysts on average target the shares at $23.90. Mr. Kadve says in a note: "We had the opportunity to go on the road with Propel CEO Clive Kinross and CFO Sheldon Saidakovsky, and we came away incrementally positive about Propel's overall prospects moving forward. While shares have performed well recently, the company's catalyst-rich outlook has us believing that there remains potential upside from here coming from 1) execution on the growth opportunity from its core U.S. lending business, 2) conservatism built into the F24 guidance from FORA credit, 3) a key rerate opportunity from the ramp and scale of the LaaS program throughout F24 and beyond, and 4) strong capital allocation. As such, in our view, any pullback in price represents a compelling buying opportunity." The Globe reported on Feb. 8 that Mr. Kadve continued to rate Propel Holdings "buy." The shares could then be had for $16.75.